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post # 7
Globalization means the transformation of the world into a single soceity where there are very few barriers in terms of culture, economics and otherwise.
Economic globalization means the free movement of resources across the world. these include goods and services, people, capital and technology. in other words it means integration hundreds of markets and economics into a single very large market or economy.
EFFECTS OF GLOBALIZATION ON INDUSTRY:
The world has become a huge market where you can buy and sell things produced in any part of world. There are alot of international brands operating worldwide.
So due to this the current markets of nation suffer alot because they are not able to compete with international brands.
Economic globalization means the free movement of resources across the world. these include goods and services, people, capital and technology. in other words it means integration hundreds of markets and economics into a single very large market or economy.
EFFECTS OF GLOBALIZATION ON INDUSTRY:
The world has become a huge market where you can buy and sell things produced in any part of world. There are alot of international brands operating worldwide.
So due to this the current markets of nation suffer alot because they are not able to compete with international brands.
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1 comments:
dear you choose a good topic and this is a fact that globalizaiton effects the whole world and also the industries of countries
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